Bloomberg/Rich Miller/6-26-2019
“President Donald Trump said the U.S. should have Mario Draghi, president of the European Central Bank, at the helm of its monetary policy — ‘instead of our Fed person’ — and reiterated that he has the right to demote or fire Federal Reserve Chairman Jerome Powell. ‘Nobody ever heard of him before, and now I made him and he wants to show how tough he is,’ Trump said Wednesday of Powell, speaking in an interview on Fox Business Network. ‘OK, let him show how tough he is. He’s not doing a good job.’”
USAGOLD note: If all of this were not deadly serious, it might be mildly entertaining. . . . .Would anyone like to venture a guess as to what might happen to the price of gold if Powell were fired?
